Basically, if passed, the New Tax Bill allows a Capital Gains Tax on Immediate Gains with no Deductions for Losses. If One has Stocks and the a particular stock increased 20% on any individual day, One would be obligated to the "Gains Tax" for that one day, and every day to follow individually. Your Property Value increases by $5,000 in One Month, you must pay the Capital Gains for that Month, even though the Property was not sold. As the Value Increases, Capital Gains Taxes are Paid, even though the "Value Object remains in the Same Hands. If/when Objects Devalue, " No Refunds! " Progressive Socialist Programs made simple.
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I feel if this happens, We The People will rise up uncontrollable and take these swines out!
Basically, if passed, the New Tax Bill allows a Capital Gains Tax on Immediate Gains with no Deductions for Losses. If One has Stocks and the a particular stock increased 20% on any individual day, One would be obligated to the "Gains Tax" for that one day, and every day to follow individually. Your Property Value increases by $5,000 in One Month, you must pay the Capital Gains for that Month, even though the Property was not sold. As the Value Increases, Capital Gains Taxes are Paid, even though the "Value Object remains in the Same Hands. If/when Objects Devalue, " No Refunds! " Progressive Socialist Programs made simple.
Lynn Bryant DeSpain
Over my dead body.
The people Biden et al work for hate us. They hate America as written. They don't care if we live or die but they want our stuff...All of it.
I don't think they'll like what's coming their way -- soon.
This is what is called government control
He certainly offers comic relief all the time!
Isn't Yellen just wonderful........she wants what we haven't even made yet!